CASE COMMENTS: MERGERS – ACQUISITION OF SOLE CONTROL – CLEARANCE UNDER CONDITIONS – MARKETS OF SEMI-COUCTORS PRODUCTS

Phase I décision: The European Commission approves the acquisition of sole control of a Bermuda company by a Netherlands based company, subject to divestment of the latter’s radio frequency power business, where the takeover could have led to higher prices and less competition (NXP Semiconductors, Freescale Semiconductor)

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. The transaction consisted in the acquisition of sole control of Freescale Semiconductor (hereinafter 'Freescale'), a Bermuda-based company, by NXP Semiconductors N.V. ('NXP') based in the Netherlands. In fact, it was through a sub-subsidiary that NXP had acquired the entire share capital of Freescale and thus sole control of the latter. Both companies were active in the semiconductor products they manufactured and marketed. More specifically, NXP specialised in integrated circuits ('ICs') and single unit semiconductors (or 'discrete' data). In general, the company marketed two categories of products: standard products and high performance mixed signal

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  • University Paris II Panthéon‑Assas

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Dominique Berlin, Phase I décision: The European Commission approves the acquisition of sole control of a Bermuda company by a Netherlands based company, subject to divestment of the latter’s radio frequency power business, where the takeover could have led to higher prices and less competition (NXP Semiconductors, Freescale Semiconductor), 17 September 2015, Concurrences N° 1-2016, Art. N° 77671, pp. 145-147

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